"tingker" 43 review

Member since: April 27, 2019

Just your everyday cryptocurrency enthusiast. Here to help build a great community on CC!

Ethereum Classic - ETC

ETC is still stuck on their high and mighty immutability anti-DAO stance. Besides that they seem to have pretty low interest from the community as seen by their subreddit and forum (https://forum.ethereumclassic.org/) activity. They do however still have developers working on it and are planning to execute a new upgrade fork (Atlantis) soon. I guess another benefit(?) of ETC is that they'll always stay Proof of Work and wont tinker with Proof of Stake scalability solutions like Ethereum (ETH) is. Finally, some lead devs are toying around with the idea of changing their name and removing "Ethereum" from it altogether.

review Ethereum Classic
BitTorrent - BTT

Originally I was skeptical about this project and thought they should have just integrated TRX instead of made a whole separate token with their own token sale (money grab? *sigh*) But beyond that, Tron was able to acquire a widely used product and bake in a new token ecosystem aimed to improve user experience, so I am hopeful about that. Seems like BitTorrent Speed was released a couple months ago and is working (though limited so far). The marketing language says that this new system will greatly increase download speeds but an article written by TorrentFreak said that, while there was noticeable improvements, the speed increase wasn't *that much*. https://torrentfreak.com/magnificent-bittorrent-speed-or-half-baked-magic-beans-190714/ I guess we'll have to wait and see what else they come up with but hopefully this project will be proof that a token-economy will be useful for a product used by the mainstream public.

review BitTorrent
Karatgold coin - KBC

So this isn't the exact same as Bitconnect since they actually do sell and deliver a physical product and also their CEO is very public. But besides that they just have too many red flags. After looking into the project for a long time they just have too many missed promises, claims that are too good to be true, regulator warnings from around the world, and also delays on delays. Their fans say they will have a blockchain phone, worldwide ATMs, a "Revolutionary" new blockchain protocol, and much more. None of this has even been launched yet though --- I'll revise my review if and when they do launch. In the meantime give this video about this project a watch: https://www.youtube.com/watch?v=PUahsBHO8j4

review Karatgold coin
UpStake Token - UPDC

OK Upstake Token is definitely a sophisticated looking scam. Here's a post on BitcoinTalk outlining why: https://bitcointalk.org/index.php?topic=5124000.0 But in short, it's a High Yield Investment Program (HYIP). They GUARANTEE the price of their coin increasing hourly (quoted from their site) --- this is a HUGE red flag. Besides that, it includes so much language about "profits" when that's the furthest thing that you can guarantee to an investor in the crypto space (or just in the regular financial space in general). Finally just read this sentence on their site about their Edge product: "UpStake edge is a secure, safe and easy way to invest with a guaranteed return on your crypto investment." --- they paint the Edge as a network investing product (aka basically a Ponzi scheme) They're also connected to a yet to be opened gambling site called Moolah.bet. Finally no public team as well, pretty sure its 100% anonymous and their founders will exit one day.

review UpStake Token
NovaChain - NOVA

Welp, NovaChain completed their exit scam as of a few days ago. Many smaller YouTubers lost a ton of "money" that they were promised in Novachains "trading bot". Please please PLEASE follow your gut. Most trading bots that seem too good to be true, ARE TOO GOOD TO BE TRUE. Don't believe people like CryptoPafi below that try to sell you snake oil. Just invest in more legit projects like Bitcoin or Ethereum.

review NovaChain
BitToro - XTOR

Yet another privacy focused coin. Fun as a side project for 2 anonymous developers... but is it *really* needed? We already have so many great privacy focused coins in this space --- Monero, Zcash, Grin, etc. These devs should just go work on those ecosystems instead. :)

review BitToro
Bitcoin2 - BTC2

Oh come on, I just took a look and why do we need YET another Bitcoin fork? Not to mention this one is Proof of Stake and has a lot of features that other Bitcoin fork / similar privacy coins offer. It looks like an amalgamation of different tech out there - masternodes, PoS, privacy tech, etc. No need for this one, so many other more established coins out there that fill their stated purposes.

review Bitcoin2
Libra - LIBRA

Libra isn't as shady as I originally thought. Here are some reasons why: 1) They are led by an independent association for which Facebook is only 1 member out of eventually 100. 2) They want to move to eventually a permission-less blockchain (though we'll see if that ever happens). 3) They wont be vetting developers so people can build whatever they want on top of the platform. (this may not be a good thing though) 4) Anyone can build wallets and other apps for Libra 5) Financial data will be siloed from Facebook's social media data so they can't use your transactions to target you with ads. That said this is still in the very early stages and Facebook is making a huge industry shattering move which is causing many regulators and also competitors to shake in their boots. So I will rate neutral for now and just wait and see.

review Libra
Kin Foundation - KIN

Disclosure: I'm not a lawyer. That said, I read very indepth the SEC's action against KIN's parent company Kik and it looks like they are in a world of hurt. I don't care that Kik was able to spin this favorably from a marketing point of view with their Defend Crypto fund. Point is, they pretty much broke ALL the rules that the SEC outlined... AND went ahead with their token sale even though the SEC pretty much warned them not to. They might screw this up for most of the ICOs that launched in 2017 and early 2018. Though I guess I do like them to stand up to the SEC even though it will most likely result in a losing battle and KIN their token getting wrecked pricewise (it already dropped 30% shortly after the news came out)

review Kin Foundation
Bgogo Token - BGG

This project was shady from the beginning. People in my group were shilling it to me but after taking a look I immediately decided to stay away. They have big name investor backings but my qualms with this project is with its CEO, Max Wong. They misled the public about being part of Facebook's crypto group when they were an employee at Facebook for a year or so. Also on Max's instagram they are constantly using the crypto riches they got from Bgogo to go travel the world, hit up Vegas, party and what not. Definitely seems like a huge money grab and I hate them for doing it.

review Bgogo Token
PTPA Partner - PRC

Looks like a legit oil and gas company in Russia. They can use blockchain in their business for their stated reasons -- that's totally fine. But their token is pretty useless - just to get investment pretty much. They can use blockchain in their business without a publicly traded token. This is a money grab unfortunately.

review PTPA Partner
Dentacoin - DCN

Definitely do not see any need for this project at all.... dentistry on the blockchain? What a joke! Definitely one of the most laughable projects to come out of the 2017 bull market. At least they are still active on social media and haven't exit scammed even after almost 2 years so I can't give them the shadiest review but still I think this project has no reason to exist and no reason to use their token. Just find a dentist that accepts Bitcoin instead!

review Dentacoin
Animality Coin - ANTY

Why is this project getting brigaded and shilled by so many people? Definitely not a professional look especially when their reviews are so devoid of any information. Anyways their supposed goal of saving animals is noble for sure but they don't need their own token for this. They can just raise Bitcoin or what not. This is likely a way for the founders to print their own money. I'll just leave it at that. So.... Brigading + No real Token Utility = STAY AWAY!

review Animality Coin
Tether - USDT

In late April 2019, Bitfinex and Tether's parent company iFinex got "outed" by New York financial regulators for "losing" $750 million of Tether funds in late 2018. At that point, their USDT/Tethers were no longer backed 1-to-1 with US dollars anymore. Many crypto influencers are saying this may cause a "bank run" with everyone trying to withdraw funds from Bitfinex - much like Mt. Gox 2.0. Twitter analyst @Bitfinexed especially has been calling out all the shady stuff regarding Bitfinex for years and this recent event has given him a lot more ammo. Personally I don't care if Tether stays or dies since there are a lot more stablecoin options in the marketplace these days. I'd stay away from Tether and definitely do not HODL Tether for long periods of time. Update (May 2019): Bitfinex raised $1billion from Chinese investors to fully recoup their Tether imbalance. Still a lot of shadiness and lack of info surrounding that debacle but for now I won't rate it the worst rating.

review Tether

Really not a fan of Tron since its inception all the way to present day. They plagiarized a bunch of stuff for the project and their marketing is incredibly disingenuous. Their CEO Justin Sun is the scum of crypto with his hype/buzz filled marketing. That's the LAST thing we need in crypto after the long crypto winter. Recently Justin Sun tweeted about a "Liverpool partnership" and it turned out to just be some generic sales pitch that the Liverpool execs sent to a bunch of companies. The media and Crypto social media fell for it and then instantly people roasted Justin (deservedly so) when it was turned out to be way overhyped and not even a real partnership. Screw Justin, he will never become Vitalik (who he wishes he was). More info: https://cointelegraph.com/news/tron-ceo-justin-sun-hints-at-partnership-with-liverpool-fc

review TRON

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